We're making sure DB schemes are protected long-term

For defined benefit (DB) pension schemes, the Act strengthened the existing funding regime, requiring DB schemes to have a funding and investment strategy set out and for this to be submitted to The Pensions Regulator (TPR). Almost ten million people across the country remain in DB schemes, with around one million of those still actively paying into one. We want to ensure schemes are delivering for these savers, wherever they are in their retirement journey. And while most DB schemes are well run, plan for the future, and manage their risks effectively, best practice is not universal....